New Hire Comes on Heels of $55 Million in New Financing and Major Customer Expansions
NEW YORK--(BUSINESS WIRE)--Augury, a leading AI-based Machine Health solution provider, today announced that Edward (Ed) Auriemma has been named the company’s first Chief Operating Officer. Auriemma most recently served as EVP and Head of Business Operations at Infor, a $3.2b provider of industry specific cloud-based business applications. Auriemma will lead Augury’s Customer Success, Global Delivery, Global Business Operations and Business Infrastructure.
“In a time when manufacturing and industrial companies are accelerating their pace of digitization, but generalized AI projects have struggled to get traction, Machine Health is proving to be a killer application,” said Saar Yoskovitz, co-founder and CEO of Augury. “By delivering fast measurable impact we’re seeing rapid expansions of existing customers such as Colgate, ICL and Essity, increased pace of new customers and the addition of new partners such as DSV, who are using Machine Health insights to create a ‘parts as a service’ business.”
Auriemma brings a wide range of experience to Augury, having helped Infor transform from an on-premise application provider to a cloud leader by rapidly and significantly growing its cloud business over the last seven years. He oversaw a wide range of sales and marketing functions at the company, in addition to leadership roles in business operations, services and finance.
“Augury’s rapid, proven value in the world’s leading companies, coupled with the accelerating pace of digital transformation in manufacturing, have created a perfect storm of opportunity,” said Auriemma. “Today Augury customers typically see payback on their investment in a matter of months, with as much as 5X ROI in the first year. I am excited to add my experience and insights to Augury’s leadership team to build on that customer value as we accelerate the company’s growth.”
Over the past year Augury has significantly broadened its executive team, adding new industry veterans to lead sales, marketing and services. In October the company announced it had secured $55 million in series D funding, led by Qumra Capital. The strengthened leadership team and additional capital will guide and fuel the investments needed to sustain its category leadership and accelerate both its pace of innovation and the scale of its customer-facing operations.
Augury is building a world where people can always rely on the machines that matter. Augury supports its customers by enabling Digital Transformation through superior insights into the health and performance of the machines they use to make products, deliver services and improve lives.
PAN Communications for Augury